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dc.contributor.authorChu, Pen_US
dc.contributor.authorYang, KLen_US
dc.contributor.authorLiang, SKen_US
dc.contributor.authorNiu, Ten_US
dc.date.accessioned2014-12-08T15:37:15Z-
dc.date.available2014-12-08T15:37:15Z-
dc.date.issued2004-12-01en_US
dc.identifier.issn0377-2217en_US
dc.identifier.urihttp://dx.doi.org/10.1016/S0377-2217(03)00416-8en_US
dc.identifier.urihttp://hdl.handle.net/11536/25599-
dc.description.abstractCompetitiveness is an important means of determining whether a company will prosper. Business organizations compete with one another in a variety of ways. Among these competitive methods are time and cost factors. The purpose of this paper is to examine the inventory models presented by Padmanabhan and Vrat [International Journal of Systems Sciences 21 (1990) 1721] with a mixture of back orders and lost sales. We develop the criterion for the optimal solution for the total cost function. If the criterion is not satisfied, this model will degenerate into one cycle inventory model with a finite inventory period. This implies an extension of shortage period as long as possible to produce lower cost. However, we know that time is another important factor in company competitiveness. Customers will not indefinitely wait for back orders. A tradeoff will be made between the two most important factors; time and cost. The minimum total cost is evaluated under the diversity cycle time and illustrations are applied to explain the calculation process. This work provides a reference for decision-makers. (C) 2003 Elsevier B.V. All rights reserved.en_US
dc.language.isoen_USen_US
dc.subjectinventoryen_US
dc.subjectback ordersen_US
dc.subjectlost salesen_US
dc.subjecttradeoff time-costen_US
dc.titleNote on inventory model with a mixture of back orders and lost salesen_US
dc.typeArticleen_US
dc.identifier.doi10.1016/S0377-2217(03)00416-8en_US
dc.identifier.journalEUROPEAN JOURNAL OF OPERATIONAL RESEARCHen_US
dc.citation.volume159en_US
dc.citation.issue2en_US
dc.citation.spage470en_US
dc.citation.epage475en_US
dc.contributor.department工業工程與管理學系zh_TW
dc.contributor.departmentDepartment of Industrial Engineering and Managementen_US
dc.identifier.wosnumberWOS:000222980400014-
dc.citation.woscount14-
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